14 Hrs
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عين ليبيا
Post-Hormuz Era and Global Oil Trends
The International Energy Agency has lowered its forecast for global oil demand growth in 2026, projecting a decrease of 1.12 million barrels per day to reach 103.292 million barrels. This comes amid a slowdown in the global economy and geopolitical changes. The agency also expects oil supplies to decline by 3.87 million barrels per day, as OPEC+ countries continue their efforts to cut production to maintain market balance. This comes in the context of the United States and Iran announcing an agreement to end military tensions and reopen the Strait of Hormuz, which could impact global oil flows.
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